Price Moves West Texas Intermediate (WTI) crude for March delivery rose 90 cents to $75.99 a barrel. March Brent crude, the global benchmark, was up 80 cents at $80.43 a barrel on ICE Futures Europe. Market Drivers Oil futures saw an upswing in response to significant drops in U.S. crude inventories and production. The Energy Information Administration reported a … [Read more...] about Oil Futures Rise as U.S. Crude Inventories and Production Drop
Jeffs’ Brands Sees Decrease in Stock Price After Entering Securities Purchase Agreements
Jeffs' Brands, an e-commerce company, experienced a decline in its shares by 10% to $3.01. This drop came after the company entered into securities purchase agreements with certain institutional investors, resulting in cash proceeds of $7.28 million. Over the past 12 months, the stock has faced a significant decrease of 59% and reached its lowest point at $2.02 on November … [Read more...] about Jeffs’ Brands Sees Decrease in Stock Price After Entering Securities Purchase Agreements
Economic Outlook for 2024: Will the Economy Slow Down?
As we move into the new year, economists are questioning whether the economy will experience a slowdown in 2024. Despite previous predictions of a recession and a significant economic slowdown, some experts argue that there is little reason to expect a deceleration. One key factor supporting this perspective is the strong state of the labor market. Currently, most Americans who … [Read more...] about Economic Outlook for 2024: Will the Economy Slow Down?
Levi Strauss Implements Restructuring Plan, Reports Fourth Quarter Sales Increase
Global Layoffs and Increase in Sales Levi Strauss, the San Francisco-based jeans maker, has announced a two-year restructuring plan that includes global layoffs. This initiative comes as the company reported an increase in sales during the fourth quarter, driven by a return to growth in the Americas. To boost global productivity, Levi Strauss plans to reduce its global … [Read more...] about Levi Strauss Implements Restructuring Plan, Reports Fourth Quarter Sales Increase
Superdry Expects Full-Year Performance to be Impacted by Challenging Market Conditions
By Michael Susin Superdry, the British clothing brand, has warned that its full-year performance is expected to suffer due to persistently challenging market conditions. This follows a drop in revenue for the first half of fiscal 2024 and news of the company's chief financial officer stepping down. Despite a 0.7% increase in shares to 17.0 pence at 0826, Superdry continues to … [Read more...] about Superdry Expects Full-Year Performance to be Impacted by Challenging Market Conditions
